Kerr Drug
Kerr Drug is an American chain of over 100 drug stores throughout The Carolinas. Its headquarters is located in Raleigh, North Carolina.
The company was founded in Raleigh by Banks Kerr in 1951. The chain was operating 97 stores when it was acquired in 1995 by JCPenney. In 1996, when JCPenney attempted to purchase Eckerd Drug, the FTC forced JCPenney to divest itself of 34 former Kerr Drug stores and 130 Rite Aid stores. These stores were ultimately purchased by a group led by former Thrift Drug executives who left the JCPenney organization following the Eckerd acquisition.[1]